With Wiley’s $9 million writedown last Friday of money owed to them by Borders that they do not expect to collect, it’s clear that the bookseller’s troubles are going to hit balance sheets even before the possibility of hitting bankruptcy court. Most of the coverage since we first reported in late December that Borders was not paying major creditors has focused on the largest publishing companies, but with a second month of non-payment we wanted to look at how the impact of Borders current inability to pay their bills might be felt across a much wider group of publishers. Since […]
